2merkato

Ethiopia earned more than 60 million US dollars from the export of oil seeds last month according to Kebede Chane, Minister of Trade.

The revenue was earned from the export of 48,000 tons of oil seeds said Kebede speaking at the opening of the International Conference on Oil Seeds, Pulses and Spices, held in Addis Ababa.

Export trade is significant for the Ethiopian agriculture led development strategy and sesame production has been contributing to enhance the nations export income he noted.

The Shipping and Logistics Enterprise of Ethiopia has made a minimum of 9% discount on ocean freight transport for the next month.

The Enterprise did not officially announce the discount, which has been effective since the 9th of February with importers discovering it through lower prices on shipments.

The discount is due to the coordinated efforts of the various government agencies that have come together to form the new Enterprise according to an official.

Airbus expects a six month on the A350-XWB aircraft on order by Ethiopian Airlines, Ethiopia’s flag carrier. The delay has not caused complications with customers according to Airbus officials.

It is to be remembered that Ethiopian Airlines signed the 2.9 billion dollar agreement for the purchase of the aircraft in 2009.

The deal was signed for Ethiopian Airlines by former airline Chief Executive Officer Girma Wake.

The Revenues and Customs Authority of Ethiopia has submitted a shortlist of six companies to conduct a national revenues potential study to the World Bank.

The firm selected to conduct the job will be required to measure the revenue productivity of each tax and discover discrepancies between potential revenue and the revenue being actually collected.

The study will reveal strength’s and weakness on the part of ERCA in its efforts to raise domestic revenue according to an official with the authority.